Tesla CEO amends Model S financing deal after criticism

Newswire

By Deepa Seetharaman
DETROIT, May 3 (Reuters) - Tesla Motors Inc, the automaker
led by billionaire Elon Musk, overhauled financing strategy for
the Model S electric sedan in response to criticism that its
initial plan last month overstated the potential cost savings.
Changes include allowing buyers 72 months, instead of 63, to
repay loans, lowering monthly costs by more than one-fourth.
Tesla also guaranteed that the resale value of the Model S would
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